Voltamp Transformers Q4 Results: Sales at ₹504.16 Crore, up 15% YoY

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Synopsis:

In the fourth quarter of FY24, Voltamp Transformers has seen considerable growth in its sales. With a total income of ₹527.4 Crores and an operating profit of ₹96.99 Crores up 6% YoY the company’s Q4FY24 results have shown the progress the company has made in both a 3-month phase and within a year.

Introduction

Initially incorporated as a Private Limited Company, Voltamp Transformers was established in 1967 in Vadodara, Gujarat. On February 22, 2006, the company changed its status to a Public Limited Company from a Private Limited Company. The shareholders passed a special resolution under sections 31 and 44 of the Companies Act, 1956, which made this possible. Voltamp Transformers, as the name already indicates, manufactures oil-filled power and distribution transformers. The company has two manufacturing plants, both located in Vadodara. One is in Makarpura and the other is in Savli. Voltamp is dedicated to offering the best service to their clients This has helped the company earn a dedicated customer base. The company’s customer base also includes leaders in various Government and Semi-Government projects, Refineries, Fertilizer Plants, the Power sector etc.. Apart from this, the company also has a loyal clientele in other Industries and State Electricity Boards in India and abroad.

ExploreVoltamp Transformers Share Price

5 Key Financial Highlights

Voltamp Transformers saw a significant and profitable gain in Q4FY24 as seen in their numbers. Here are some of the main highlights from the Voltamp Transformers Q4 Results:

  • Revenue from operations at ₹504.16 Crore compared to ₹439.86 Crore YoY
  • Operating profit of ₹96.99 Crores up 6% YoY
  • Total income at ₹527.4 Crore up 17% YoY
  • Profit Before Tax at ₹119.3 Crores 
  • Total Expenses at ₹408 Crores

Additional ReadQuarterly Results

Key Business Updates:

The company has seen fair growth in its fourth quarter of FY24. But other than its numbers, Voltamp Transformers has also seen a few business updates this time around. Here are some of them:

  • The company is looking forward to putting up a new power transformer factory and has recognized a land parcel for the same, near Jarod Village on the Vadodara-Halol road. 
  • The under-the-head employees' benefit expense rose to ₹53.86 Crore from ₹40.13 Crore YoY 
  • The under-the-head labour charges rose to ₹23.09 Crore from ₹16.40 Crore YoY
  • The company saw an increase in investment income thanks to taking a timely call on investing in long-term debt funds, parking of short-term money, and partial liquidation of past debt funds.

Additional Read:  Adani Green Q4 Result

Profitability Analysis:

This year, the company’s focus had been to improve revenue and volume, which is visible in its fourth quarter results. This year saw the highest-ever sales revenue for the company at ₹504.16 Crore compared to ₹439.86 Crore YoY. Voltamp Transformers also saw a considerable profit growth to ₹96.99 Crore, up 6% from ₹91.24 Crore YoY. This was achieved despite the fluctuating raw material prices. The company’s EBIDTA and PAT with the highest return on capital employed at 75.87% in the business operations segment (excluding investments). Seeing the Q4FY24 results, the Board of Directors proposed payment of a dividend of ₹90 per equity share on a face value of ₹10 per share. This is the highest in the company's history entailing a total payout of ₹91.05 crores, representing 38.55% payout of after-tax profit, adjusted for marked-to-market gain.

Additional Read: Tata Technologies Q4 Results

Major Operational Metrics - Consolidated Q4 (FY2023-24) Financial Results of Voltamp Transformers (in ₹ Crore)


Metrics

For Quarter Ended

For Year Ended

Q4FY24

Q4FY23

%age increase

FY24

FY23

%age increase

Revenue from Operations

504.16

439.86

15%

1616.22

1385.10

17%

Total Income

527.40

450.69

17%

1705.20

1425.18

20%

Net Profit Before Tax

119.38

100.85

18%

397.88

260.36

53%

Operating Profit

96.99

91.24

6%

313.63

224.60

40%

EBIDTA Margin

19.83%

21.10%

-6%

19.90%

16.67%

19%

The Future of Voltamp Transformers

Voltamp Transformers and its Q4FY24 results have revealed the development and growth achieved by the company in FY24. Apart from the financial results, certain business developments of the company also point towards the constant growth of Voltamp Transformers. The company is looking forward to putting up a new power transformer factory and has recognized a land parcel for the same, near Jarod Village on the Vadodara-Halol road. The company is also expecting that the current momentum in demand will stay the same in the mid-term because of constant economic expansion. This will give the company more opportunities to increase its revenue. 

Additional ReadMRF Q4 Results

Conclusion

Having seen considerable growth in the fourth quarter of FY24, Voltamp Transformers has reached some of their highest-ever metrics this time around. These include its revenue from operations at ₹504.16 Crore compared to ₹439.86 Crore and its operating profit of ₹96.99 Crores up 6% YoY. Both these attributes have seen a rise YoY, and this only shows how the company is embracing growth and development.

Additional ReadBlue Dart Express Q4 Results

Results for the Fourth Quarter Ended March 31, 2024

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Frequently Asked Questions

What is the revenue that Voltamp Transformers has been able to make in Q4?

Answer Field

The company also recorded revenue from operations at ₹504.16 Crore compared to ₹439.86 Crore YoY

What is the future outlook for Voltamp Transformers after the release of the Q4 results?

Answer Field

The company is looking forward to putting up a new power transformer factory and has recognized a land parcel for the same, near Jarod Village on the Vadodara-Halol road. The company is also expecting that the current momentum in demand will stay the same in the mid-term because of constant economic expansion.

What are some of the main business updates for Voltamp Transformers?

Answer Field

Q4FY24 has proven to be a good year for Voltamp Transformers. But apart from the numbers in their financial results, there are a few more business updates that the company has seen in FY24. Here is a list of some of them: 

  • The company is looking forward to putting up a new power transformer factory and has recognized a land parcel for the same, near Jarod Village on the Vadodara-Halol road. 

  • The under-the-head employees' benefit expense rose to ₹53.86 Crore from ₹40.13 Crore YoY 
  • The under-the-head labour charges rose to ₹23.09 Crore from 16.40 Crore YoY
  • The company saw an increase in investment income thanks to taking a timely call on investing in long-term debt funds, parking of short-term money, and partial liquidation of past debt funds.

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